Martingale Asset Management L P Decreases Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Martingale Asset Management L P cut its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 31.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,578 shares of the company's stock after selling 17,400 shares during the quarter. Martingale Asset Management L P owned about 0.07% of Enerpac Tool Group worth $1,574,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Enerpac Tool Group by 208.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company's stock worth $154,028,000 after buying an additional 2,726,293 shares in the last quarter. Sei Investments Co. boosted its holdings in Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company's stock worth $6,859,000 after buying an additional 104,019 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Enerpac Tool Group during the second quarter worth about $3,106,000. Dimensional Fund Advisors LP raised its position in Enerpac Tool Group by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company's stock worth $58,874,000 after acquiring an additional 53,055 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Enerpac Tool Group by 422.9% during the second quarter. Daiwa Securities Group Inc. now owns 60,297 shares of the company's stock worth $2,302,000 after acquiring an additional 48,765 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

EPAC traded up $0.95 during midday trading on Monday, reaching $49.21. 371,127 shares of the company's stock were exchanged, compared to its average volume of 301,305. The business's 50-day moving average price is $45.30 and its 200 day moving average price is $41.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. The stock has a market capitalization of $2.67 billion, a PE ratio of 31.51 and a beta of 1.14. Enerpac Tool Group Corp. has a 1-year low of $27.94 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The firm had revenue of $158.71 million during the quarter, compared to analyst estimates of $156.70 million. Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. During the same period in the prior year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Activity

In related news, Director E James Ferland, Jr. sold 1,938 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the transaction, the director now owns 86,047 shares of the company's stock, valued at approximately $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company's stock.

Enerpac Tool Group Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.